The gross value of Australian agriculture increased by $4.8 billion to $60.8 billion in 2016-17, with all states except Tasmania and the Northern Territory showing an increase.

Australian crop value increased 20% in 2016-17, driven by a 29% increase in the value of broadacre crops with most commodities driving this increase. Wheat was the single largest key driver, increasing 19% to $7.4 billion as area planted and yields both increasing in 2016-17.

Total livestock slaughter and other disposals have seen a 3% decrease in value (down to $20.0 billion) in 2016-17. This drop was predominantly driven by a 7% decline in cattle and calf gross value, as producers have been reducing the numbers sent to slaughter to allow their herds to restock. A 10% increase in sheep and lamb gross value partially offset this decline; however the dominance of the cattle and calf gross value ensured an overall decline.

The total value of livestock products has remained relatively steady in 2016-17 at $8.0 billion, a 1% decrease since 2015-16. The gross value of milk decreased by 14% down to $3.7 billion in 2016-17 while the gross value of wool increased 17% to $3.5 billion.